Decision No. 118/2004/QD-BCN On converting the Hà Nội Electrical Machinery Manufacturing Company into the Hà Nội Electrical Machinery Manufacturing State-owned Joint Stock Company with One Member

Pursuant to …;

Regarding the transformation of Hanoi Electric Machinery Corporation into Hanoi Electric Machinery State-owned Joint Stock Company with One Member

THE MINISTER OF INDUSTRY

Pursuant to Decree No. 55/2003/NĐ-CP dated May 28, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Industry;

Pursuant to Decree No. 63/2001/NĐ-CP dated September 14, 2001 of the Government on the conversion of state-owned enterprises and enterprises of political organizations and political-social organizations into State-owned Joint Stock Companies with One Member;

Pursuant to Decision No. 125/QĐ-TTg dated January 28, 2003 of the Prime Minister approving the overall restructuring plan for state-owned corporations and state-owned enterprises under the Ministry of Industry for the period 2003-2005;

Considering the proposal of the Board of Directors of Vietnam Technical Equipment Corporation (Letter No. 41 A/CV-HĐQT dated September 28, 2004, Letter No. 252/CV-ĐMDN dated October 27, 2004) and the dossier on the transformation of Hanoi Electric Machinery Corporation into Hanoi Electric Machinery State-owned Joint Stock Company with One Member;

At the suggestion of the Director of the Department of Organization and Cadres,

Pursuant to …;

Article 1. Transform Hanoi Electric Machinery Corporation, an independent accounting member enterprise under Vietnam Technical Equipment Corporation, into Hanoi Electric Machinery State-owned Joint Stock Company with One Member.

Hanoi Electric Machinery State-owned Joint Stock Company with One Member (referred to as the Company) shall have its own seal, be allowed to open accounts at domestic and foreign banks in accordance with the law, and operate in accordance with the Company's Charter approved by the Board of Directors of Vietnam Technical Equipment Corporation and the Enterprise Law.

- Full name: Hanoi Electric Machinery State-owned Joint Stock Company with One Member.

- Abbreviation: Hanoi Electric Machinery Corporation.

- International trade name in English: Ha Noi Electrical Engineering Limited Company.

- Abbreviation: CTAMAD Co. Ltd.

- Main office located at: Km 12, National Highway 32, Phu Dien Commune, Tu Liem District, Hanoi City.

- Registered capital of the Company at the time of transformation: 154,186,000,000 VND (One hundred fifty-four billion one hundred eighty-six million VND).

Article 2. Business activities of the Company:

- Design, manufacture, repair, installation, and trading of various types of electric motors, generators, transformers, electrical switchgear systems, high and low voltage electrical equipment for industrial, agricultural, and household use;

- Design, construction, and installation of power transmission lines, hydroelectric power stations, and substations up to 35 kV;

- Design, manufacture, repair, and installation of various types of pumps and generators. Construction of pump stations;

- Trading and import/export of materials, spare parts, and machinery;

- Hotel business, office rental services;

- Other businesses as prescribed by law.

Article 3. Organization and operation of the Company:

1. The organizational structure of the Company includes:

a) The Board of Directors of the Company;

2. The organization and operation of the Company are specifically regulated in the Company's Charter.

c) Subordinate units of the Company.

The Board of Directors of the Vietnam Minerals Corporation. Address: No. 562 Nguyen Van Cu Street, Gia Thuy Ward, Long Bien District, Hanoi City. The Board of Directors of the Vietnam Minerals Corporation is responsible for exercising the rights of the owner according to current laws and the Articles of Association of the Company.

Article 4. The State-authorized representative as the owner:

The Board of Directors of Vietnam Technical Equipment Corporation.

Address: 41 Hai Ba Trung Street, Hoan Kiem District, Hanoi City.

The Board of Directors of Vietnam Technical Equipment Corporation is responsible for exercising the rights of the owner according to current laws and the Company's Charter.

Article 5. Hanoi Electric Machinery State-owned Joint Stock Company with One Member is responsible for receiving and effectively utilizing the capital and assets transferred by the Board of Directors of Vietnam Technical Equipment Corporation to fulfill production and business development tasks, inheriting all legitimate rights, interests, and obligations regarding capital, assets, labor, and land from Hanoi Electric Machinery Corporation.

Article 6. The Board of Directors of Hanoi Electric Machinery State-owned Joint Stock Company with One Member is responsible for drafting the Company's Charter to be submitted for approval by the Board of Directors of Vietnam Technical Equipment Corporation; appointing the General Director, Deputy General Directors, and Chief Accountant of the Company in accordance with the Company's Charter and current laws.

Article 7. This Decision takes effect fifteen days from the date of publication in the Official Gazette.

The Head of the Office of the Ministry, the Inspector General of the Ministry, Heads of Departments and Bureaus under the Ministry, the Board of Directors and General Director of Vietnam Technical Equipment Corporation, the General Director of Hanoi Electric Machinery Corporation, the Board of Directors and General Director of Hanoi Electric Machinery State-owned Joint Stock Company with One Member are responsible for implementing this Decision.